UPDATE — J.T. Thorpe & Son, Inc. continues its expansion with acquisition of Thermal Solutions, Inc. & Structsure Scaffold Solutions, LLC.
July 01 2024 - 11:46AM
J.T. Thorpe & Son, Inc. (“JT Thorpe”), a Terra Millennium
Corporation subsidiary, is pleased to announce it has acquired the
assets of Thermal Solutions, Inc. (“Thermal”) and its affiliated
company, Structsure Scaffold Solutions, LLC (“Structsure”).
Together, Thermal and Structsure are leading providers of
industrial maintenance services including insulation, abatement,
fireproofing, coatings and scaffolding to blue-chip customers in
several end markets, with a strong presence in power, steel and
chemicals.
“We are extremely excited to welcome the Thermal and Structsure
teams into JT Thorpe. Thermal and Structsure embrace the same
philosophy of delivering safe, high-quality and reliable service
that has defined JT Thorpe’s success for over 115 years, and we are
excited to work together to continue adding value for customers,”
explained Rich Giaramita, JT Thorpe’s CEO.
John Stevens, Structsure’s Owner and CEO, will continue his
career with JT Thorpe in a senior leadership role.
“After a long history, it is a tribute to our team that we have
found such great success. We look forward to continuing our
heritage of safety and service, and we are thrilled to be part of
JT Thorpe team. With an even broader suite of services and a
national footprint, we are excited to even better serve our
customers going forward as part of JT Thorpe,” explained Mr.
Stevens.
“The Thermal and Structsure teams embody the culture and
philosophy we value at JT Thorpe, and I extend a warm welcome to
each employee, who are now valued members of the JT Thorpe family,”
stated Mr. Giaramita.
About Terra Millennium Corporation Terra
Millennium Corporation (“Terra Millennium”), backed by H.I.G.
Capital, is a leading provider of outsourced industrial maintenance
services, including refractory design and maintenance,
fireproofing, insulation, coatings, scaffolding and mechanical
services. Founded in 1906 and headquartered in Salt Lake City,
Utah, Terra Millennium is the parent company to three entities (i)
JT Thorpe & Son, Inc., (ii) K&G Industrial Services, and
(iii) Brahma Group, Inc.
About H.I.G. Capital H.I.G. is a leading global
alternative assets investment firm with over $64 billion of equity
capital under management. Based in Miami, and with offices in New
York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and
Atlanta in the U.S., as well as international affiliate offices in
London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and
São Paulo, H.I.G. specializes in providing both debt and equity
capital to small and mid-sized companies, utilizing a flexible and
operationally focused/ value-added approach.
Contact information: Rich GiaramitaJ.T. Thorpe & Son,
Inc. 510-233-2500